London · Delayed Price · Currency is GBP · Price in GBX Polar Capital Holdings Earnings Call Transcripts
Fiscal Year 2026
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Record AUM growth and strong net inflows were driven by technology and AI strategies, with positive momentum continuing into FY 2027. Profitability improved, costs rose mainly due to performance-linked compensation, and the dividend was maintained. Strategic focus remains on scaling differentiated strategies and disciplined capital allocation.
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AuM reached a record GBP 26.7 billion, with strong performance in technology, healthcare, and smart energy strategies. Despite net outflows and fee compression, profitability and dividend cover remain priorities, supported by a robust balance sheet and improving investor sentiment.
Fiscal Year 2025
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Core operating profit rose 27% year-over-year, with average AUM up 17% and a maintained dividend. CEO succession is planned for September 2025, and the firm remains focused on U.S. growth and product diversification amid industry headwinds.
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Net inflows and AUM growth drove a 21% rise in core operating profit and a 42% increase in adjusted diluted EPS. Emerging markets and Asia strategies led inflows, while the new U.S. small company fund launched. Interim dividend held at 14p, reflecting business confidence.
Fiscal Year 2024
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AUM rose 14% year-over-year to GBP 21.9 billion, with net inflows returning in Q1 2024 and continuing into Q2. Despite industry headwinds and net outflows for the year, performance improved, the dividend was maintained, and new fund launches and regional expansion support a positive outlook.